What do you expect from cloud mining?

[mrcash02]

I would expect profit from cloud mining as any other investment, but after checking several sites, other's opinions and my own experience I can say it's just an illusion. Cloud mining maybe was created with good intentions, but on the practice it doesn't work as the mining difficult is constantly increasing with large competition. Also, there are many scammers on this business.

[madwica]

For now i could say that 90% are scam and 10% are legit, lots of cloud mining are only good at first to get more investor and if they hit their target amount they will run without saying nothing and do not return your investment capital. But there are leging mining site which you can invest it was your own risk because i do not want to get involve in that kind of method again, i know the feeling when you got scammed its hard to recover.

[hasmukh_rawal]

I expect all the cloud mining websites to be a scam as most of them want us to invest in their schemes. They are basically just programs which keeps running on the server without actually mining any currency. Only a few websites like Genesis are better to try it. Others are just a waste of time and investing in them will be like giving away your money for free.

[okala]

I am not into mining but I think for you to mining now according to my study, you most joined cloud mining? If 99.9% are scam then how did people mining bitcoin and this micro mining can they stand alone without join mining companies. I believe coindesk is one of the authorities in blockchain news and information and you can even learn everything about blockchain technology on their site, this is what they said about mining pools https://www.coindesk.com/bitcoin-miners-ditch-ghash-io-pool-51-attack/

[grendel25]

I expect better communication than what I see now.  It seems like the "lifetime" plans are the way to go but the good plans are "sold out"  They can at least tell us a time frame for when they expect the service to be offered again on the website instead of just saying "sold out".  Sure you can find out by contacting them but why should I have to do that?  Just save everyone a lot of time and put the info up there.

[carlisle1]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Well, convince yourself that a cloud mining is not a reliable source of bitcoin, there nothing you need to consider with that as these kind of program aren't really going to last, a good and trusted cloud mining service which will give you passive income doesn't really exist . It is already expected since before that all of them will eventually turn into a scam after getting their target amount of funds raised from user's deposits .

[Yuhee]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

Well, convince yourself that a cloud mining is not a reliable source of bitcoin, there nothing you need to consider with that as these kind of program aren't really going to last, a good and trusted cloud mining service which will give you passive income doesn't really exist . It is already expected since before that all of them will eventually turn into a scam after getting their target amount of funds raised from user's deposits .

And if you dont have the proper equipment, they will just mine you and you will lose more electricity without you being aware of it. It maybe of free service but its just to take advantage of people who wants free bitcoin. Some may say that not all cloud mining are scams but over the years they just are just taking mined coins for their own.

[TimeTeller]

A lot has been said already and I agree, better not invest your money in cloud mining services.
But if you are curious how much you will earn for this service, you can try but just a piece of advice, only the money that you can afford to lose.
Just do your research here also and all your questions in your mind has been answered so many times already.

[Ctn]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

You look like a new player in the industry of cloud mining. The story is not satisfactory as cloud mining does not work in reality so you don’t really get anything. Yes that’s true because cloud mining is just virtually represented as real mining but the thing is worse when you see their calculator for profits. The contracts, the period of contracts and gash rates everything sucks. No body ever has got profits from it for more than a year. Sometimes people will not even get the ROI. So things are messy which you should know before you can get into it.

[ethereumhunter]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

the top things that it comes to mining in the cloud of course to make profit as much as we can without paying electricity fee but the reality, we can not make profit in short time. we need to waiting a long time before we can reach our ROI. this is happen to me when in two years ago i am deposit my bitcoin into genesis mining, hashnest, and else. i am dream that i can have my own mining but after i read more about the fact and i see that there is many of cloud mining become scam, i realize that its better we build our own mining rig than using cloud mining. fortunately, my decision can give my first ROI and now i only make profit although now i am not making much because of difficulty of the coins is increase but no problem for me.

[samlaode]

I don't expect from cloudming. Most of the people gets a big big loss. They losses much more than they make profit. They never can recover their invested money.

[jerowacik]

Hello,

I'm currently looking to understand more about what are the top things you consider when it comes to mining in the cloud?

You will not get any hope when you try to invest with cloud mining. there is a lot of cloud mining that ends with a scam. you will only lose a lot of money from investing you do in cloud mining. I suggest never try luck with cloud mining because whatever you do then the results will be in vain. cloud mining only leverages investors' money and they usually run away when the targets are set and they will not refund the full amount of money you invest. This is a bet and in fact you should avoid risky things like this.

[brobbel]

What do I expect from cloud mining? I expect to not make profit.

Look around bitcointalk about topics about Genesis Mining or cloud mining in general. It's either:

• a ponzi scheme
• a straight-up scam
• or it's far far from being profitable

It's simply just one of those three, 99.9% of the time.

To add:
99,9% is a ponzi scheme or a straight-up scam
and even when it is legit, it isn't only far from profitable, but they also don't handle in the interest of their customers.